Brief: Init sees FY17 incoming orders of EUR 120-130 mln

Init Innovation In Traffic Systems SE

29/03/2017 14:21

March 29 (Reuters) - Init Innovation In Traffic Systems SE 
 IXXG.DE : 
    * Incoming orders of 120 million euros to 130 million euros 
targeted for 2017 
    * EBIT margin set to rise again sharply from 2018 after a 
decline in 2017 
    * Propose to annual general meeting, to be held on 24 May 
2017, an increase of dividend for financial year 2016 by 10 pct 
to 0.22 euros/share 
    * In 2017, managing board is therefore expecting revenues to 
increase to around 120 million euros  ($128.94 million)(2016: 
108.6 million euros) 
 
Source text - http://bit.ly/2oaBMYf 
Further company coverage:  IXXG.DE  
 
($1 = 0.9307 euros) 
 
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